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Leases | 9 Months Ended
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Sep. 30, 2019
Leases [Abstract] |
Leases | Leases The Company’s operating leases are primarily for real property in support of our business operations. Although many of our leases contain renewal options, we generally are not reasonably certain to exercise these options at the commencement date. Accordingly, renewal options are generally not included in the lease term for determining the ROU asset and lease liability at commencement. Variable lease payments generally depend on an inflation-based index and such payments are not included in the original estimate of the lease liability. These variable lease payments are not material. For the three and nine months ended September 30, 2019, the Company recognized $16.0 and $48.7 in operating lease expense, respectively. The following table presents the supplemental cash flow information related to the Company’s operating leases for the nine months ended September 30, 2019:
Operating cash flows used for operating leases | $ | 49.2 |
Right-of-use assets obtained in exchange for operating lease obligations | 59.4 |
The following table presents the lease balances (excluding the Gatan business which is classified as held for sale) within the Consolidated Condensed Balance Sheet related to the Company’s operating leases as of September 30, 2019:
Lease Assets and Liabilities |  | Balance Sheet Account |  |
ASSETS: |  |  |  |
Operating lease ROU assets |  | Other assets |  | $ | 276.9 |
LIABILITIES: |  |  |  |
Current operating lease liabilities |  | Other accrued liabilities |  | $ | 56.4 |
Operating lease liabilities |  | Other liabilities |  | 229.7 |
Total operating lease liabilities |  |  |  | $ | 286.1 |
Future minimum lease payments under non-cancellable leases (excluding the Gatan business which is classified as held for sale) were as follows:
Remainder of 2019 | $ | 16.3 |
2020 | 62.4 |
2021 | 54.2 |
2022 | 41.5 |
2023 | 34.2 |
Thereafter | 108.0 |
Total operating lease payments | 316.6 |
Less: Imputed interest | 30.5 |
Total operating lease liabilities | $ | 286.1 |
Weighted average remaining lease term - operating leases (years) | 7
Weighted average discount rate (%) | 3.0

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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